Our experts provide a one-stop-shop solution for every client in more than 100 different subsectors of the food industry. Our knowledge of food products, food hygiene and safety regulations, and workplace ergonomics problems enable us to deliver comprehensive and innovative solutions that assist clients increase their productivity and competitiveness in the sector. With our deep expertise in assurance, testing, inspection, auditing and certification you can rely on our support whenever and wherever you need it.
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The food industry involves processing, conversion, preparation, preservation and packaging of foodstuffs, dairy, meat & marine, fruits, vegetables, spices, cereals, grains and oilseeds, beverages (alcoholic and non-alcoholic), functional foods, nutraceuticals, dietetic products and other similar products, food additives, and flavorings among many others. The food service industry encompasses any establishment that serves food to people outside their home involving restaurants, carryout operations, cafeterias, dining halls, catering and vending companies, and hotels.
In India, the Food Safety and Standards Authority of India (FSSAI) is the apex food regulator. Recently, FSSAI has proposed to set new standards for labelling and claims for Ayurveda Aahar, which is a new category of food products.
Despite changing situations and objectives, our clients understand that now is the moment to prepare for a post-pandemic world that will be radically altered.
The recent turmoil has merely accelerated changes in the food industry that were already occurring. New consumer habits and competition have clashed with rising capital expenditure demands and downward pricing pressure, all conspiring to stifle profitability and growth.
We help clients across the industry ensure their strategy both realizes near-term results and positions them to win in the future. Our experts can help with category strategy and assortment, pricing and promotion, delivering a seamless omnichannel experience, supplier negotiations, store operations, cost reduction, and more...
The increasingly hectic lifestyles and food adulteration in India make cooking at home a challenge, which have resulted in a change in the consumer’s buying behavior, so the food industry enjoys steady growth.
There is a big opportunity in the food industry as there is an increasing demand for ready-to-cook, ready-to-eat products, and a need for looking at safe and secure ways of consuming food because of the Covid-19 situation.
Consumer foods which include segments such as packaged foods, health beverages, meat and poultry, packaged drinking water, aerated drinks and alcoholic beverages, have exhibited tremendous growth compared to the other sectors.
The opportunities in the food industry lie in the kind of products that people need, with a lot of focus on safety and hygiene, convenience, products which are easy to consume. Safe processed food categories like biscuits and snacks have seen growth during the COVID-19 times. There is a huge scope in the industry because of the demand in retail and rise of health-conscious consumers, who opt for safe, branded food.
If the farmer is able to find the right price in the market there will be a positive impact on productivity in agriculture. That is one big area where Covid-19 helped to accelerate some of the long pending reforms.
There is more and more demand for proteins like animal or plant proteins and also fresh produce (agriculture and horticulture). A lot of this gets driven through e-commerce and direct to consumer kind of models.
The post COVID world has given rise to not only investment opportunities in the food industry in India, but trade opportunities as well.
A significant factor which has boosted the industry is the setting up of the Ministry of Food Processing Industries (MFPI) which nurtured and directed the growth of this industry in India, and also streamlined and brought together various stakeholders in the value chain.
There is growth in the organized food retail sector and increase in urbanization.
Through significant improvements in skills and technology, MSME's are playing an increasingly important part in India's food processing chain.
In India, the online food ordering industry is expanding at a rapid pace.
There is high demand for packaged, healthy and immunity booster snacks such as roasted nuts, popcorns, and roasted pulses. There is a shift in focus from loose to branded packaging.
However, the food industry has certain challenges on its way. The COVID-19 pandemic has disrupted current growth in the industry due to the forced closing of restaurants and subsequent loss of sales and jobs.
Nonetheless, this industry can be tumultuous, with restaurants opening and closing frequently.
There is a huge scope in the food industry in India as the Government of India aims to boost growth in industry by leveraging reforms and various incentives at central and state government level along with a strong focus on supply chain infrastructure.
The government’s Atmanirbhar Bharat initiative places priority on the food industry and offers support through various policies.
In order to achieve the objectives of the National Food Processing Policy which aims at reducing wastage at the farmer level to increase their incomes and ensures that farmers get remunerative price while securing the availability of quality and affordable produce to the consumers, the Government has launched the Pradhan Mantri Kisan SAMPADA Yojana (PM Kisan SAMPADA Yojana). This scheme creates a contemporary infrastructure with efficient supply chain management from the farmer to the ultimate point of purchase by the customer which provides a boost to the integrated cold chain sector and adds value to the existing infrastructure.
The Government introduced this scheme to provide infrastructure for agro-processing clusters and also aid in the creation of forward linkages in the retail market and backward linkages to the farm gate.
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